Plan Ledger DOL Form 5500 · updated monthly

Kipp Nyc, LLC401(k)

KIPP NYC 403(B) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Kipp Nyc, LLC reported $156,251 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $2,398 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.34% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 836th-largest of 5,648 plans among New York employers on file, and the 564th of 3,091 in educational services. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has shrunk from 1,529 to 1,306 since 2022.

Plan summary
Net assets, end of year$94,572,330
Participants with balances1,829
Active participants1,306
Employer contributions$3,132,405
Employee contributions$7,151,569
Employer contribution per active participant$2,398
Average account balance$51,707
Benefits paid to participants$6,503,204
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$94.6M · 1,829 accts · $3.1M emplr
2023$78.3M · 1,716 accts · $3.1M emplr
2022$61.9M · 1,715 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,251
Investment management$60,000
Total administrative$156,251
The Kipp Nyc, LLC 401(k) match · 2024
Employer contribution per active participant$2,398
Median for plans this size$3,635
2024$2,398 per active participant
2023$2,048 per active participant
2022$1,895 per active participant

Kipp Nyc, LLC's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$96,251
FIDUCIARY PLAN PARTNERS LLC · Recordkeeping · Investment advisory (plan)$60,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower, FIDUCIARY PLAN PARTNERS LLC
2023Empower

This plan has changed recordkeepers within these filings. If you left Kipp Nyc, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$156,251 · 0.18%
2023$70,700 · 0.10%
2022$216,297 · 0.34%
Same employer
Similar plansEducational Services · New York
Uncommon Schools, Inc. NY$98.2M · 0.27%
Mount Saint Mary College NY$96.2M · 0.09%
Albany Law School NY$89.5M · 0.06%
Tntp, Inc. NY$87.1M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264180710 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.